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AI Analysis of DHF
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Dreyfus High Yield Strategies Fund stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)

Buy or Hold candidate since May 01, 2024 Gain 0.85% PDF

The Dreyfus High Yield Strategies Fund stock price gained 0.85% on the last trading day (Friday, 3rd May 2024), rising from $2.34 to $2.36. During the last trading day the stock fluctuated 1.07% from a day low at $2.34 to a day high of $2.36. The price has risen in 6 of the last 10 days and is up by 2.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 300 thousand more shares were traded than the day before. In total, 679 thousand shares were bought and sold for approximately $1.60 million.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dreyfus High Yield Strategies Fund stock with a 90% probability to be traded between $2.24 and $2.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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DHF Signals & Forecast

Mostly positive signals in the chart today. The Dreyfus High Yield Strategies Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.33 and $2.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.96%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Dreyfus High Yield Strategies Fund stock

Dreyfus High Yield Strategies Fund finds support from accumulated volume at $2.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0250 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $2.24 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (DHF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Dreyfus High Yield Strategies Fund to open at $2.35, and during the day (based on 14 day Average True Range), to move between $2.33 and $2.39, which gives a possible trading interval of +/-$0.0286 (+/-1.21%) up or down from last closing price. If Dreyfus High Yield Strategies Fund takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.37 (0.42%) than the support at $2.34 (0.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dreyfus High Yield Strategies Fund stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dreyfus High Yield Strategies Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.578 Buy Candidate Upgraded

Predicted Opening Price for Dreyfus High Yield Strategies Fund of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$2.35 ( 0.353%) $2.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DHF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.38 0.706 %
R2 2.37 0.302 %
R1 2.36 0.0516 %
Current price: 2.36
Support S1 2.34 -0.758 %
S2 2.34 -1.01 %
S3 2.33 -1.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.42 2.54 %
R2 2.38 0.85 %
R1 2.37 0.424 %
Current price 2.36
Support S1 2.34 -0.85%
S2 2.33 -1.27%
S3 2.31 -2.12%

DHF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 24, 2024 May 07, 2024 May 22, 2024 $0.0175 0.742%
2 Mar 26, 2024 Apr 09, 2024 Apr 24, 2024 $0.0175 0.754%
3 Mar 11, 2024 Mar 11, 2024 Apr 01, 2024 $0.0175 0.735%
4 Jan 24, 2024 Feb 06, 2024 Feb 22, 2024 $0.0150 0.644%
5 Dec 12, 2023 Dec 26, 2023 Jan 11, 2024 $0.0150 0.644%

FAQ

What is the symbol for Dreyfus High Yield Strategies Fund Stock and on which exchange is it traded?
The symbol for Dreyfus High Yield Strategies Fund is DHF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dreyfus High Yield Strategies Fund Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dreyfus High Yield Strategies Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Dreyfus High Yield Strategies Fund Stock?
Dreyfus High Yield Strategies Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dreyfus High Yield Strategies Fund Stock.

What's the current price of Dreyfus High Yield Strategies Fund Stock?
As of the end of day on the May 03, 2024, the price of an Dreyfus High Yield Strategies Fund (DHF) share was $2.36.

What is the 52-week high and low for Dreyfus High Yield Strategies Fund Stock?
The 52-week high for Dreyfus High Yield Strategies Fund Stock is $2.42 and the 52-week low is $2.06.

What is the market capitalization of Dreyfus High Yield Strategies Fund Stock?
As of the May 03, 2024, the market capitalization of Dreyfus High Yield Strategies Fund is 171.658M.

When is the next earnings date for Dreyfus High Yield Strategies Fund?
The upcoming earnings date for Dreyfus High Yield Strategies Fund is Aug 16, 2024.
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About Dreyfus High Yield Strategies Fund

Dreyfus High Yield Strategies Fund BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure. The fund benchmarks the performance... DHF Profile

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